buying real estate: WHAT IS TITLE INSURANCE?
- 09/16/07 03:42 PM
One of the biggest purchases a family will ever make is their home. Title Insurance protects purchasers from obtaining something that is not legal to purchase or that might have other debts attached to it. There are many situations that can surface. Governmental bodies, contractors, lenders, judgment creditors, and the IRS may have claim to a property, sometimes without the owner even being aware of it. Sometimes a deed can surface that pre-dates public record, putting a title in question. All these situations will jeopardize the purchaser's rights to the property. A title insurance policy provides the homeowner with coverage against such an occurrence. Title insurance could mean the difference between … (0 comments)
buying real estate: AVOID COMMON PITFALLS, KNOW WHAT TO LOOK FOR...
- 09/16/07 02:40 PM
Whether you are considering buying or selling a home, conduct a audit of property items. This could make all the difference in the world. Although not everything will require costly repairs, some just might, which is why it is important to be prepared. Before you head out to look at homes or put your home on the market, check these items to ensure they are properly working: • Look for settlement cracks on the wall, floor, or ceiling. Every home, at one time or another, will get a settlement crack, so if you find a few, there's no need to panic. However, if … (0 comments)
One of the biggest purchases a family will ever make is their home. Title Insurance protects purchasers from obtaining something that is not legal to purchase or that might have other debts attached to it.;)
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